Investment group plans $50M project - Charlotte Business Journal:

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The Mooresville-based investment company says the $50 millionn project will create 150 jobs innorth Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoodr retail, a 150-room restaurants, offices, conference spacde and indoor and outdoor kartinvg and racing. Charlotte City Council will vote June 15 on theproposesd rezoning. If the application is approved, the site will be callec “Metrolina Speed and Sport Center.” The first phase of the projecgt is slated for completionin April.
“Our goal is to creatd an affordable family raciny and entertainment destination with an amateur sports focus and we believed Charlotte is the prime location for saysSimon Weber, president of Speedway Investment “We are committed to revitalizing the propertuy in a way that celebrateds Metrolina’s rich history, embraces greenn technology and attracts national and internationa sports competitions as well as tourism Wes Jones, president of of Charlotte has been named architecyt on the project. The Metrolin a Expo property totals more than 135 acred and includes parkingfor 20,000 vehicles.
The site is on Old Statesvillde Road in the Derita Speedway Investment Group was founded in 2008 for the specifi purpose of redeveloping the Metrolina site and creatinyg an amateursports destination.